Riverfront Dyn Asia Pacific ETF FT (RFAP) Stock Technical Analysis
NASDAQ:RFAP - Nasdaq -
Overall RFAP gets a technical rating of 5 out of 10. In the last year, RFAP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, RFAP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.20, a Stop Loss order could be placed below this zone.
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55.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 57.78 to 58.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.25 to 56.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.50 to 59.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RFAP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RFAP is neutral. |
| ChartMill Relative Strength | 57.51 | NEUTRAL | RFAP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RFAP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RFAP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RFAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.75 | NEUTRAL | The RSI value for RFAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RFAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.2 | NEUTRAL | The Stochastics value for RFAP is a neutral value. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for RFAP suggests low volalility. |
Riverfront Dyn Asia Pacific ETF FT
NASDAQ:RFAP (8/25/2021, 8:57:45 PM)
58.3619
+0.76 (+1.32%)